Enel to Sell Photovoltaic Generation Portfolio in Chile to Sonnedix
July 13 2023 - 2:02AM
Dow Jones News
By Giulia Petroni
Enel and its listed Chilean subsidiary have signed an agreement
to sell a photovoltaic generation portfolio in Chile to
renewable-energy producer Sonnedix.
The Rome-based utility company said late on Wednesday that
Arcadia Generacion Solar owns a portfolio of four operating PV
plants with a total installed capacity of around 416 megawatts in
Northern Chile.
Sonnedix is set to pay a total consideration of $550 million for
the assets.
The transaction is expected to generate a positive impact on
Enel net debt of around 504 million euros ($560.9 million) and of
around EUR20 million on its net income in 2023.
Closing of the deal is subject to authorities approvals.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 13, 2023 01:47 ET (05:47 GMT)
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